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Glossary > D > "Double top" Definition

Double top

A reversal pattern in technical analysis.Technically, it is an advance to one price level, followed by a small decline which represents the valley between the tops, followed by a rally to roughly the same level as the first top, followed by a clear downtrend.On a chart a double top looks like the letter "M".

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Double top - A reversal pattern in technical analysis.Technically, it is an advance to one price level, followed by a small decline which represents the valley between the tops, followed by a rally to roughly the same level as the first top, followed by a clear downtrend.On a chart a double top looks like the letter "M".

Double top : a reversal pattern in technical analysis.technically, it is an advance to one price level, followed by a small decline which represents the valley between the tops, followed by a rally to roughly the same level as the first top, followed by a clear downtrend.on a chart a double top looks like the letter "m".